Any corporation organized under the provisions of this article shall possess all the powers, rights, immunities, privileges and franchises in respect to such railroad, or the part thereof included in such certificate, and in respect to the real and personal property appertaining to it, which were possessed or enjoyed by the corporation which owned or held such railroad previous to such sale, under or by virtue of its charter and any amendments thereto and of other laws of this State or the laws of any other state in which any part of such railroad may have been situated, not inconsistent with the laws of this State.
HISTORY: 1962 Code Section 58-907; 1952 Code Section 58-907; 1942 Code Section 8280; 1932 Code Section 8225; Civ. C. '22 Section 4789; Civ. C. '12 Section 3120; Civ. C. '02 Section 2046; G. S. 1421; R. S. 1611; 1881 (17) 793.